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headlines out of charlotte. first lady michelle obama speaking to the party faithful last night. bill clinton is tonight's headliner. we'll go to north carolina and check in with john harwood in a moment. >>> first, nfl kickoff, the giants and cowboys play tonight but the real game is on "squawk" this morning. we'll talk big business of the pigskin with the top nfl executive, mark wal erwaller at eastern time. and exclusive interview with indra nooyi from pepsico. and we'll talk to the owner of the new york jets, woody johnson at 7:15 eastern. and we have the owners of the cowboys and the giants, they will be live together at :15 eastern time. jerry jones and steve tisch in a "squawk box" exclusive. let's start with the top headlines, andrew. >>> let's talk facebook. it's promising not to sell stock to cover a $2 billion tax bill. it says it will cover that with existing cash and borrowing from credit facilities. as a result of the move, total outstanding shares will be reduced by 1.5 million shares. the company spinning it as a equivalent of buy back. the company disclosing rank and
that at all. >> did you hear any of that, tony? >> what about michelle obama? >> i think he just cited elizabeth warren's prime time speech. >> but do you have all the good positions, the democrats do. you care about people, not greedy money. you don't want to cut off health care for old people, you you love old people, you care about educating children. and by definition, i guess republicans are on the opposite side of all those positions which is a lousy -- you staked out all the good positions. >> this is working out great. >> it's difficult to run on that platform. >> it's that kind of rhetoric actually that really makes any kind of reform just impossible, right? because any reform of any existing system means that you are by definition, you know, just -- you want to create pottervilles in america by doing anything. >> it's working, though. >> i don't understand that at all. i mean, look, let's bring it down to kind of a reality level here. reform. okay. certainly i feel very strongly that the financial sector needs reform. and financial regulatory reform which dodd-frank passed un
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